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New York City Office Market Sees Surge in Activity Before Year's End

New York City Office Leasing Sees Busy Close to Year with Major Deals from Top Tenants

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ew York City office leasing is wrapping up a busy year with several major deals finalized in November. Notable tenants signing significant leases include a law firm, a hedge fund, Apple, and Verizon.

    Ropes & Gray secured a massive new lease at 1285 Sixth Avenue in Midtown West, where it will relocate in three years after its current lease expires. The private equity firm TPG inked a new lease at Hudson Yards' The Spiral building, with the deal reportedly finalized in July but only now completed.

    Verizon renewed its lease at 60 Hudson Street in Tribeca, while Balyasny Asset Management expanded its footprint by more than doubling its space in the General Motors Building. Gen II Fund Services signed a new lease at 1675 Broadway in Midtown West, and Churchill Asset Management secured a 10-year lease at 375 Park Avenue.

    Apple expanded its offices at 11 Penn Plaza, while the Federative Republic of Brazil doubled its footprint with a 10-year expansion at 220 East 42nd Street. The New York State Executive Chamber inked a new lease at 919 Third Avenue in Midtown East, and Guidehouse signed a 10-year lease at 75 Rockefeller Plaza in the Plaza District.

    Other notable deals include TPG's lease at Hudson Yards' The Spiral building, Balyasny Asset Management's expansion in the General Motors Building, Gen II Fund Services' new lease at 1675 Broadway, Churchill Asset Management's 10-year lease at 375 Park Avenue, Apple's office expansion at 11 Penn Plaza, and the Federative Republic of Brazil's 10-year expansion at 220 East 42nd Street.

New York City office market bustling with activity before year's end.